In parallel to the development of the HAY company, the Japanese automotive supplier Musashi Seimitsu Industry Co., Ltd. founded the Musashi Hungary Machining [MHM] plant in Ercsi (Hungary) as its first European location.

Expansion of the production area at the MHM plant by almost 3000 square meters.

The Swedish rolling bearing company SKF established the forging facility in Lüchow in 1971, which was acquired by the HAY Group in 2007. HAY Speed Umformtechnik GmbH supports internal forging processes and implements advanced techniques such as Hatebur forging, vertical forging, ring rolling, heat treatment of low-alloy steels and shot blasting for descaling the forged components.

Lüchow invests in one of the largest horizontal forging machines.

The HAY Group is being sold to an American financial investor, The Gores Group LLC.

Start of the building process of Tianjin HAY Forging Co. Ltd. in Tianjin, China. In the same year, the centralization of the tool shop, HAY-Tec, takes place in Grolsheim. In 2013, the "Metallumform Präzisionswerkstücke Group", founded as a family business in Hannoversch Münden in 1971, was also acquired.

Increase of the machining capacities as a result of the acquisition of Metaco Union Kft. in Hungary. Similarly, the HAY Group acquires the Spanish plant Forjanor S.L-Fabrica de Villalba as part of its expansion. In the same year, the Chinese plant in Tianjin, China, was completed and started their operations.

Production starts at the Hungarian plant in Füzesabony. At the same time, the Spanish plant in Villalba invests in a new cold forming press.

Starting point for the MEU`s transformation to prepare the company for the era of electromobility. The first major investment in a 5,000-ton press is made, enabling the company to respond better to new customer requirements.

Musashi Europe extends its product portfolio for battery electric vehicles with the SOP of the first rotor shaft. This represents the next important step towards electromobility and symbolizes the company's focus on this future-oriented technology.

Holistic transformation approach:

1. Based on the corporate strategy, the company launches a holistic transformation approach in the areas of business model, corporate culture, digitalization and sustainability.
2. At the same time, an efficiency improvement program is developed, which has accompanied the company until the present day, in line with the Japanese philosophy KAIZEN.
3. The first diversification approaches are successfully implemented: launch of the e-bike business and sale of unique energy storage solutions in Europe.
4. Intensified collaboration with start-ups to support the transformation challenges.

Progress of the transformation:

1. Establishment of new dedicated corporate functions to accelerate the transformation.
2. Agreement of an in-house collective agreement, which focuses on the transformation and with it the future of the company. The roadmaps for the individual plants of Musashi Europe are defined.
3. Pioneering work on new steering committees between the employer and employee sides [transformation is only successful together!].
4. New developments (machines, processes, products) for e-mobility and non-automotive markets.
5. Introduction of modern automatic inspection lines for the final inspection of components and intensification of the use of robotics in production.

1. It is confirmed that automotive manufacturers and suppliers expect Musashi Europe in the long term. We remain - and always have been - a strategic partner to the automotive industry.
2. Further successful and future-oriented projects for battery electric models are being secured.
3. Approval for investment in an innovative and unique cold forming press.
4. Project launch for the introduction of a modern and sustainable heat treatment method.
5. Development of a digitalization roadmap and start of implementation of the sustainability strategy.
6. Further development and awarded projects in non-automotive markets.